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DocuSign Envelope ID:A4C366A3-F5D9-473B-9218-AF49BCCA02E0 <br /> recommend a sublimit of $5m for newly required buildings and a longer <br /> reporting period. <br /> c. The current earthquake limit of $5M per occurrence and in the aggregate <br /> appears low. While not a significant exposure based on your location, we <br /> typically would still like to see this this limit at $25m or higher. <br /> cl. The current flood limit of $1 M for flood zones A&V per occurrence and in the <br /> aggregate and flood limits of $5M for non A&V flood zones per occurrence <br /> and in the aggregate should be addressed. We suggest determining flood <br /> zones for all locations to more accurately assess your exposure to determine <br /> the optimal limits for your risk. <br /> e. The current named storm limit of $50M should be raised. We believe that <br /> since you are not located in a Tier 1 or 2 areas, this limit should match the <br /> total limit offered by the NCACC. <br /> f. The current limit of $100K for fire legal liability. If the County rents or leases <br /> any properties from 3rd parties this limit may not be adequate. <br /> General Liability, Automobile, Public Officials & law Enforcement <br /> Given our expertise with North Carolina public entities, we are well aware of the <br /> statutes within the State of North Carolina relative to sovereign immunity as it <br /> impacts self-insured programs. When possible we encourage clients to develop <br /> excess insurance programs that maintain governmental immunity as allowed by <br /> North Carolina General Statutes Sec. 1150-42, Sec. 153A-435, or Sec 16OA-485, <br /> as applicable, or any amendments thereof. We are unsure if the NCACC program <br /> uses these statues to your and their benefit or not. <br /> In looking at options for the County, we will approach the commercial markets and <br /> evaluate alternatives to the NCACC program. Please be aware that the <br /> purchasing of insurance in the commercial markets with low deductibles would <br /> most likely adversely affect your sovereign immunity. <br /> One suggestion to maintain immunity would be to look at a self-insured retention <br /> program with excess limits. This program structure can prove to be extremely <br /> cost effective and would allow the County to keep control of your claims while still <br /> providing catastrophic coverage for larger claims. Below is a diagram of how this <br /> program would be structured. <br /> Orange County—Request for Broker Qualifications and Conceptual Proposal-September 23,2014 24 <br />